We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
 Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian government attempts to benchmark its coal prices to international indices. The new system has the potential to increase the cost of thermal power generated using imported coal in India.
The new method that will come into effect from September attempts to link the royalties paid to the Indonesian government to an index of coal prices for Australian and South African coal in addition to others. But Indian firms said Indonesian coal is of lower calorific value and, hence, priced cheaper compared with Australian and South African coal.
Deepak Amitabh, director (corporate finance) of PTC, said there are lots of issues, which still need to be sorted before the coal prices are determined. “We are still not clear how the government will work out the price differentials between Indonesian coal and that produced by Australia or South Africa, for example. Also the spot prices are always costly compared with the long-term sales contracts. We need to find out if the long term contracts for Indonesian coal would be at discount to international market prices or not.”
In September 2010 the Indonesian government issued new regulations to determine the benchmark price for the sale of coal and minerals. The regulation proposes to peg the price for both domestic sales and export of coal to a ‘benchmark price’ for all the mining licensees. Dipesh Dipu, director, consulting (mining) at Deloitte in India said the new regulation will force companies to transact at market prices, which may be seen as raising the cost of delivered coal in India.
“When companies invest in Indonesia, they tend to have the intent to sell coal at cost, so that Indonesian business unit remained at no or negligible profits. Taking a holistic view, however, the cash flows in an integrated Indonesian coal mining and Indian power generation unit after this regulation will continue to be similar, except that income taxes will be paid in Indonesia, and the cash flows will need to be brought on the books on Indian power project after paying taxes in Indonesia through appropriate and innovative business structuring,” said Dipu.
Banmali Agarwala, executive director and head of business development at Tata Power said, “The increased pricing will definitely affect the cost of generation and we are trying to work out a strategy to handle the additional hike.”
Adani group that sources coal from its mines in Indonesia is also expected to be affected by this regulation, as Adani Enterprises has direct stake in Bunyu mines in Indonesia. Adani Power has contracted to procure 4.6 mtpa coal from Adani Enterprises at $36 per tonne. However, the total import requirement for present operational capacities is around 6 mtpa.
Vijaykumar Bupathy, senior analyst with Spark Capital Advisors, said in report that “Assuming a $50 per tonne increase in the free on board (FoB) price of coal, there would be Rs 1,040 crore incremental fuel cost to the group to the extent of the committed 4.6 mtpa of supply alone.” However, when Financial Chronicle contacted Adani Enterprises, the company said there will be no direct impact on the company, since its total cost of mining and transporting Indonesian coal to Mundra is $25 per tonne. The coal is sold to Adani Power at $36 per tonne. “Any hike in price would only increase the royalty payments by around $1 or $2 per tonne. This may have a marginal impact on the company,” said a senior finance official of Adani Enterprises.
Tata Power/BSE Rs 1,249.35 p
NSE Rs 1,249.90 p
Source: mydigitalfc (By Vikas Srivastav)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 03 August 18
HBA HAS RISEN 28.41 PER CENT IN A YEAR TO BE AT THEIR HIGHEST LEVELS SINCE JANUARY 2012
COALspot.com: The benchmark price of Indonesian thermal coal has risen 28.41 per cent in a year to be at their highest levels since January 2012.&n ...
Thursday, 02 August 18
INDO / CHINA COAL RV'S IS PAYING AROUND USD 11,000 TO SUPRAS BSS DELIVERY SINGAPORE - FEARNLEYS
Capesize
The counter seasonally strong market during the summer months bodes well for the remainder of the year.
According ...
Wednesday, 01 August 18
JOKOWI CANCELS PLAN TO REVOKE COAL DMO - JP
President Joko "Jokowi" Widodo on Tuesday has canceled the government’s plan to revoke the domestic market obligation (DMO) for coa ...
Wednesday, 01 August 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
The dry bulk market activity over the past four weeks has remained stable when compared to the previous months. There are concerns with regards to ...
Tuesday, 31 July 18
INDONESIA UNLIKELY TO CHANGE COAL SUPPLY, PRICING RULES UNTIL 2019 - REUTERS
Indonesia is unlikely to change its rules on domestic coal supply and pricing until 2019, Coordinating Maritime Minister Luhut Pandjaitan said on M ...
|
|
|
Showing 1656 to 1660 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
|
| |
| |
|
